Explain the three types of movements or flows within international economic change. Find one example of each type of flow which involved India and Indians, and write a short account of it.

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Vedantu Content Team · Accepted Answer

Hint: There were three major types of movements or flows within international economic change. These three changes had a direct impact on the Indian society. The three movements were human capital flow, trade flow and capital or investment flow. They exploited and looted the Indian society and adversely affected the lives of people.Complete Answer: There were three major flows in the international economic change. -Human capital flow of indruited labour was introduced by Britishers. Under this system labour were recruited and transported to other parts of the world for the production of cotton, tea, sugar and rail constructions. More than 2 million Indians were transported to Guyana, Uganda, Fiji, Kenya, Trinidad and South Africa. The conditions of the workers were very bad and wages were extremely low. These workers had no choice but to leave and go abroad. The workers signed a contract of 5 years to work abroad. They received salaries around 8 rupees per month. Many Indians were illiterate. They could not understand what was written in the contract and signed them which resulted in betrayal and bad faith.Many were misled by the Britishers. They were deported without their consent and knowledge.The conditions of the ships in which they travel were extremely poor. There was a 17% death rate due to diseases.-Trade flow was the import of various finished goods and agricultural crops such as silk, cotton, woolen clothes, tomatoes, potatoes etc. India being the exporter of raw materials and imports finished forign goods. -Capital or investment flow marked during the period of World War I. It was estimated that Britain took loan from India to finance the USA during the war.Note: After taking loan from India the British government increased the taxes and revenues. All these flows have directly and indirectly impacted the lives of people.